Dictionary

1franchise

noun fran·chise \ˈfran-ˌchīz\

: the right to sell a company's goods or services in a particular area; also : a business that is given such a right

: the right to vote

sports : a team that is a member of a professional sports league

Full Definition of FRANCHISE

1
:  freedom or immunity from some burden or restriction vested in a person or group
2
a :  a special privilege granted to an individual or group; especially :  the right to be and exercise the powers of a corporation
b :  a constitutional or statutory right or privilege; especially :  the right to vote
c (1) :  the right or license granted to an individual or group to market a company's goods or services in a particular territory; also :  a business granted such a right or license
(2) :  the territory involved in such a right
3
a :  the right of membership in a professional sports league
b :  a team and its operating organization having such membership
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Origin of FRANCHISE

Middle English, from Anglo-French, from franchir to free, from franc free — more at frank
First Known Use: 14th century

Related to FRANCHISE

Other Business Terms

amortize, caveat emptor, clearinghouse, divest, due diligence, emolument, green-collar, marque, overhead, perquisite

2franchise

verb

: to offer the right to sell (your company's goods or services) in a particular area

fran·chisedfran·chis·ing

Full Definition of FRANCHISE

transitive verb
1
archaic :  free
2
:  to grant a franchise to

First Known Use of FRANCHISE

14th century

Other Business Terms

amortize, caveat emptor, clearinghouse, divest, due diligence, emolument, green-collar, marque, overhead, perquisite

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